Velocity Futures Surpasses $100 Million in Client Funds

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CHICAGO--(BUSINESS WIRE)-- Velocity Futures, a technology-based Futures Commission Merchant (FCM), has reached another major milestone when it submitted its latest financial report to the Commodities Futures Trading Commission (CFTC) posting more than $100.7 million in funds held for its clients.

“This caps off a landmark year for us, which also included processing the 400 millionth contract this summer for our trading clients,” said Jack Earnest, CEO and founder of Velocity Futures. “Velocity’s focus on the single business activity of providing high quality tools and services to facilitate our clients’ futures trades has allowed us to grow as well as given our clients the peace of mind that their money is not in jeopardy due to other risky activities. We believe this focus is an invaluable aspect of our business model.”

The report, which can be viewed on the CFTC’s website www.CFTC.gov, displays all FCM financial data filed monthly with the CFTC. The two categories related to futures, Segregated Funds and Pt. 30 Funds, are added together to produce what is commonly referred to as “client funds held” by FCMs.

“We plan to start off our tenth year in business in 2012 with the relocation of our trading infrastructure to the Chicago Mercantile Exchange’s new data center in Aurora, Illinois,” Earnest said. “Velocity has been rooted in technology from the start and our move to Aurora is part of our overall commitment to provide superior technology and deliver professional grade tools to satisfy the needs of even the most demanding high volume traders. At three times the cost of the Equinix Data Center in Chicago, we feel that the speed difference from being in Aurora is critical to our clients’ trading success.”

Velocity Futures is a privately-owned FCM that provides its commodities and futures trading clients direct access to the electronic futures markets. It offers a diverse range of trading products and services to professional, experienced non-professional customers and introducing brokers.

For further information visit www.tradewithvelocity.com or contact: Bob Kretschmer 312-780-7637.